Rocky Ridge, located in northwest Calgary, is renowned for its elevated landscapes and panoramic views of the Rocky Mountains. As a residential neighbourhood, it offers a harmonious blend of suburban tranquillity and urban accessibility. Understanding the cost of living in Rocky Ridge is essential for prospective residents and investors aiming to make informed decisions.

Housing Costs

Housing constitutes a significant portion of Rocky Ridge's living expenses. As of October 2024, the median listing price for homes in this neighbourhood was approximately $589,500, with a median sold price of $572,500.

These figures indicate a stable market, reflecting the area's desirability and the quality of life it offers. For renters, a one-bedroom apartment in Rocky Ridge averages around $1,200 per month, while a three-bedroom unit can cost upwards of $2,000 monthly. These rental rates are competitive compared to other Calgary neighbourhoods, making Rocky Ridge an attractive option for families and professionals seeking a balanced lifestyle.

Transportation Expenses

Transportation costs in Rocky Ridge are influenced by its suburban setting and connectivity to Calgary's core. Many residents rely on personal vehicles, with gasoline prices averaging around $1.50 per litre. The neighbourhood is well-served by Calgary Transit, including the Tuscany CTrain station, which provides efficient access to downtown and other parts of the city.

A monthly adult transit pass costs approximately $112, offering a cost-effective alternative to driving. Additionally, the neighbourhood's proximity to major roadways like Crowchild Trail and Stoney Trail enhances commuting convenience, contributing to overall transportation affordability.

Grocery and Dining Costs

Grocery expenses in Rocky Ridge align with Calgary's citywide averages. Staple items such as a litre of milk cost about $2.50, a loaf of bread around $3.00, and a dozen eggs approximately $3.50. The neighbourhood is near several supermarkets and specialty stores, providing residents with diverse shopping options. Dining out varies; a meal at an inexpensive restaurant averages $20 per person, while a three-course meal for two at a mid-range restaurant is about $80. The area boasts a variety of eateries, catering to different culinary preferences and budgets, enhancing the community's appeal.

Utilities and Miscellaneous Expenses

Monthly utility costs for a standard apartment in Rocky Ridge, including electricity, heating, cooling, water, and garbage services, average around $200. High-speed internet services cost approximately $80 per month.

Additional expenses such as fitness club memberships average $60 monthly, and entertainment costs, like movie tickets, are about $15 each. These expenses are consistent with Calgary's overall cost of living, allowing residents to maintain a comfortable lifestyle without excessive financial strain.

Is Rocky Ridge a Good Place to Live?

Beyond financial considerations, Rocky Ridge offers a high quality of life characterized by its natural beauty, recreational amenities, and community spirit. The neighbourhood features parks, walking trails, and the Rocky Ridge Ranch Centre, which provides residents with recreational facilities and community events.

Its elevated position offers stunning mountain views, and the low crime rates contribute to a safe living environment. The community's family-friendly atmosphere and access to quality schools and healthcare facilities make it an attractive choice for families and individuals seeking a serene yet connected lifestyle.

Rocky Ridge Real Estate Market Trend in 2024

In 2024, Rocky Ridge's real estate market has demonstrated resilience and growth. The median listing price of $589,500 in October reflects a stable market with consistent demand.

Due to its scenic views and quality amenities, the neighbourhood's appeal continues to attract buyers. The Calgary Real Estate Board's Q2 2024 report indicates a citywide trend of rising home prices, with a 6.5% increase anticipated despite supply challenges.

Rocky Ridge aligns with these trends, offering the potential for property value appreciation, making it a favourable market for homeowners and investors.

Conclusion

Rocky Ridge presents a compelling option for those seeking a balanced lifestyle in Calgary. While housing and living costs are significant considerations, the neighbourhood's amenities, natural beauty, and community-oriented environment offer substantial value.

Prospective residents and investors should assess their financial situations and lifestyle preferences to determine if Rocky Ridge aligns with their goals. Engaging with local real estate professionals and staying informed about market trends will help them make well-informed decisions in this dynamic neighbourhood.